Right Sizing

Empty nesters, Don and Mary, faced the bittersweet transition of downsizing. Their once-bustling home, now too large for their needs, held years of memories and accumulated belongings. While they embraced the idea of simplifying life and reducing maintenance costs, they hesitated—concerned about the financial impact of securing a new loan.

Their trusted financial planner recommended they schedule a meeting with senior loan officer, Jim Yarrington. With Jim’s help, Don and Mary discovered a strategic approach to downsizing. Rather than using all their home equity for their next purchase, they opted for a smaller down payment, securing a manageable mortgage while keeping a significant portion of their proceeds for investment.

This decision allowed them to invest in income-generating assets such as rental properties and stocks, creating additional revenue streams for a more secure retirement. Rather than relying solely on Social Security or retirement savings, they created a path for long-term wealth while enjoying lower living expenses.

In the end, downsizing wasn’t just about moving to a smaller home—it was a smart financial strategy that gave Don and Mary both freedom and security for the years ahead.